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Why Social Security Needs To Be Rescued

WHY SOCIAL SECURITY NEEDS TO BE RESCUED +$3.1 $0 -$5.5 -$44.4 TRILLION (INSOLVENCY) TRILLION TRILLION ...... .. S.S. TRUST FUND DEFICIT 2010 2020 2030 2040 2050 2060 2070 2080 2010 The Social Security Trust Fund - -$5 from which retirement and disability benefits are paid to -$10 44 MILLION American seniors and disabled RETIREES WITH AN 2050 persons – is currently sailing AVERAGE LIFESPAN OF -$15 83.0 YEARS along on a balance of about AND AN AVERAGE $2.6 trillion, which will swell to more than $3.1 trillion over 83 MILLION -%2420 LIFETIME BENEFIT OF RETIREES WITH AN $300,492 the next decade. But by 2021, AVERAGE LIFESPAN OF under pressure from an aging population, the trend will -$25 86.3 YEARS AND AN AVERAGE reverse, and by 2037, the LIFETIME BENEFIT OF -$30 fund will be entirely depleted. $554,942 If benefits are paid as promised, the fund will steam right (2010 Dollars) -$35 over a towering waterfall, and over the next fifty -$40 years, the balance will plunge into an exponentially deepening abyss. •.. - - •..... All data from the 2010 OASDI Trustees Report, Office of Chief Actuary, Social Security Administration. All values represented in 2010 dollars. Infographic concept and design by Bill Rapp. © 2011 Third Way. For more information, please visit www.thirdway.org. third way fresh thinking TRILLION DOLLARS WHY SOCIAL SECURITY NEEDS TO BE RESCUED +$3.1 $0 -$5.5 -$44.4 TRILLION (INSOLVENCY) TRILLION TRILLION ...... .. S.S. TRUST FUND DEFICIT 2010 2020 2030 2040 2050 2060 2070 2080 2010 The Social Security Trust Fund - -$5 from which retirement and disability benefits are paid to -$10 44 MILLION American seniors and disabled RETIREES WITH AN 2050 persons – is currently sailing AVERAGE LIFESPAN OF -$15 83.0 YEARS along on a balance of about AND AN AVERAGE $2.6 trillion, which will swell to more than $3.1 trillion over 83 MILLION -%2420 LIFETIME BENEFIT OF RETIREES WITH AN $300,492 the next decade. But by 2021, AVERAGE LIFESPAN OF under pressure from an aging population, the trend will -$25 86.3 YEARS AND AN AVERAGE reverse, and by 2037, the LIFETIME BENEFIT OF -$30 fund will be entirely depleted. $554,942 If benefits are paid as promised, the fund will steam right (2010 Dollars) -$35 over a towering waterfall, and over the next fifty -$40 years, the balance will plunge into an exponentially deepening abyss. •.. - - •..... All data from the 2010 OASDI Trustees Report, Office of Chief Actuary, Social Security Administration. All values represented in 2010 dollars. Infographic concept and design by Bill Rapp. © 2011 Third Way. For more information, please visit www.thirdway.org. third way fresh thinking TRILLION DOLLARS WHY SOCIAL SECURITY NEEDS TO BE RESCUED +$3.1 $0 -$5.5 -$44.4 TRILLION (INSOLVENCY) TRILLION TRILLION ...... .. S.S. TRUST FUND DEFICIT 2010 2020 2030 2040 2050 2060 2070 2080 2010 The Social Security Trust Fund - -$5 from which retirement and disability benefits are paid to -$10 44 MILLION American seniors and disabled RETIREES WITH AN 2050 persons – is currently sailing AVERAGE LIFESPAN OF -$15 83.0 YEARS along on a balance of about AND AN AVERAGE $2.6 trillion, which will swell to more than $3.1 trillion over 83 MILLION -%2420 LIFETIME BENEFIT OF RETIREES WITH AN $300,492 the next decade. But by 2021, AVERAGE LIFESPAN OF under pressure from an aging population, the trend will -$25 86.3 YEARS AND AN AVERAGE reverse, and by 2037, the LIFETIME BENEFIT OF -$30 fund will be entirely depleted. $554,942 If benefits are paid as promised, the fund will steam right (2010 Dollars) -$35 over a towering waterfall, and over the next fifty -$40 years, the balance will plunge into an exponentially deepening abyss. •.. - - •..... All data from the 2010 OASDI Trustees Report, Office of Chief Actuary, Social Security Administration. All values represented in 2010 dollars. Infographic concept and design by Bill Rapp. © 2011 Third Way. For more information, please visit www.thirdway.org. third way fresh thinking TRILLION DOLLARS WHY SOCIAL SECURITY NEEDS TO BE RESCUED +$3.1 $0 -$5.5 -$44.4 TRILLION (INSOLVENCY) TRILLION TRILLION ...... .. S.S. TRUST FUND DEFICIT 2010 2020 2030 2040 2050 2060 2070 2080 2010 The Social Security Trust Fund - -$5 from which retirement and disability benefits are paid to -$10 44 MILLION American seniors and disabled RETIREES WITH AN 2050 persons – is currently sailing AVERAGE LIFESPAN OF -$15 83.0 YEARS along on a balance of about AND AN AVERAGE $2.6 trillion, which will swell to more than $3.1 trillion over 83 MILLION -%2420 LIFETIME BENEFIT OF RETIREES WITH AN $300,492 the next decade. But by 2021, AVERAGE LIFESPAN OF under pressure from an aging population, the trend will -$25 86.3 YEARS AND AN AVERAGE reverse, and by 2037, the LIFETIME BENEFIT OF -$30 fund will be entirely depleted. $554,942 If benefits are paid as promised, the fund will steam right (2010 Dollars) -$35 over a towering waterfall, and over the next fifty -$40 years, the balance will plunge into an exponentially deepening abyss. •.. - - •..... All data from the 2010 OASDI Trustees Report, Office of Chief Actuary, Social Security Administration. All values represented in 2010 dollars. Infographic concept and design by Bill Rapp. © 2011 Third Way. For more information, please visit www.thirdway.org. third way fresh thinking TRILLION DOLLARS WHY SOCIAL SECURITY NEEDS TO BE RESCUED +$3.1 $0 -$5.5 -$44.4 TRILLION (INSOLVENCY) TRILLION TRILLION ...... .. S.S. TRUST FUND DEFICIT 2010 2020 2030 2040 2050 2060 2070 2080 2010 The Social Security Trust Fund - -$5 from which retirement and disability benefits are paid to -$10 44 MILLION American seniors and disabled RETIREES WITH AN 2050 persons – is currently sailing AVERAGE LIFESPAN OF -$15 83.0 YEARS along on a balance of about AND AN AVERAGE $2.6 trillion, which will swell to more than $3.1 trillion over 83 MILLION -%2420 LIFETIME BENEFIT OF RETIREES WITH AN $300,492 the next decade. But by 2021, AVERAGE LIFESPAN OF under pressure from an aging population, the trend will -$25 86.3 YEARS AND AN AVERAGE reverse, and by 2037, the LIFETIME BENEFIT OF -$30 fund will be entirely depleted. $554,942 If benefits are paid as promised, the fund will steam right (2010 Dollars) -$35 over a towering waterfall, and over the next fifty -$40 years, the balance will plunge into an exponentially deepening abyss. •.. - - •..... All data from the 2010 OASDI Trustees Report, Office of Chief Actuary, Social Security Administration. All values represented in 2010 dollars. Infographic concept and design by Bill Rapp. © 2011 Third Way. For more information, please visit www.thirdway.org. third way fresh thinking TRILLION DOLLARS

Why Social Security Needs To Be Rescued

shared by billrapp on Mar 28
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This infographic illustrates Social Security’s perilous path toward insolvency.

Publisher

Third Way

Designer

Bill Rapp

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Politics
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